Guaranty Agency Solvency: Can the Government Recover HEAF's First-Year Liquidation Cost of $212 Million?
HRD-93-12BR
Published: Nov 13, 1992. Publicly Released: Nov 13, 1992.
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Highlights
Pursuant to a congressional request, GAO provided information on 1991 federal costs incurred due to the Department of Education's agreement to liquidate the Higher Education Assistance Foundation (HEAF).
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Debt collectionDelinquent loansFunds managementGovernment guaranteed loansHigher educationLending institutionsLoan defaultsLoan repaymentsStudent financial aidStudent loans